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* STOXX Europe 600 index up 0.2 pct
* Mining shares among top gainers
* Rotork surges after guidance
* Vinci shares dip on hoax report
By Atul Prakash
LONDON, Nov 22 (Reuters) - European mining shares rose morethan 3 percent on Tuesday, underpinning Europe's benchmark STOXX600 index as the global reflation trade in the wake of DonaldTrump's victory in the U.S. presidential election continued.
The pan-European STOXX 600 index ended up 0.2percent after climbing to its highest level since Nov. 10. Theindex extended the previous day's gains of 0.25 percent andmirrored a rise on Wall Street.
All three major U.S. stock indexes set record closing highson Monday. Small caps also advanced, pushing the Russell 2000index to a record high close, with the session markingthe first time all four indexes hit closing records on the sameday since Dec. 31, 1999. Wall Street posted record highs againat the open on Tuesday before paring gains.
The European Basic Resources index, which has nowdoubled from its January lows, was the best performing sectorindex. It rose 3.4 percent after prices of major industrialmetals such as copper and aluminum increased.
"I am fairly bullish on miners and banks and have an'overweight' recommendation on both the sectors. The focus ofmarkets has shifted to the expected increase in infrastructureand defence expenditure in the United States," ChristianStocker, strategist at UniCredit in Munich, said.
"As a result of such 'reflation expectations', long-termbond yields have been increasing and industrial metals have beenrallying. The reallocation that has started in these sectorswill continue."
Shares in Anglo American, BHP Billiton,Antofagasta and Glencore were all up 3 to 7.6percent. The STOXX Europe 600 banks index rose 1percent, making it the third biggest gainer.
European shares slumped in a knee-jerk reaction afterresults showed in early November that Trump had won the U.S.presidential election. However, the market rebounded the sameday and has gained 4.5 percent from an intra-day low on Nov. 9.
Equities were boosted by Trump's election promises toincrease investment in infrastructure projects and work on afiscal stimulus programme. However, the lack of policy detailshave prompted investors to stay cautious.
"Political uncertainty in the United States has diminishedsubstantially even though we do not know the shape of Trump'spolicies and government appointments yet," Lorne Baring,managing director of B Capital Wealth Management, said.
"The market is reacting to the better political environmentand, bar the Italian referendum which will probably be anothersource of concern, there is a sigh of relief that the year'sturbulent and somewhat surprising politics are behind us."
Italian Prime Minister Matteo Renzi has said he could resignif he loses the Dec. 4 referendum on constitutional reforms.
Shares in French construction and concessions company Vinci fell as much as 18 percent after media picked up ahoax statement saying it would revise its 2015 and 2016 accountsand fire its finance director. Vinci recovered to end down 3.8percent after the company denied the rumours.
Elsewhere, Rotork shares surged 13 percent after the Valve maker said it anticipated its revenues coming in towardsthe top end of market expectations.
Essilor shares fell 6 percent after the firm cutits outlook.
(Additional reporting by Danilo Masoni; editing by MarkHeinrich)
